02 August

Sticky

Foot Locker Falls After Buying 2 Retailers in Push for Off-Mall Sales By Investing.com

Posted by admin

in News

By Dhirendra Tripathi Investing.com – Foot Locker (NYSE:FL) stock was trading 0.5% lower as the company announced the acquisition of two smaller retailers for a combined $1.1 billion. It is buying athletic retailer WSS for $750 million and Japan’s Atmos for $360 million. The Wall Street Journal first reported the news. The stock traded higher with 0.5% gains for a while thereafter before giving up the gains. The acquisitions are part of the company’s game-plan to move out of high-rental malls, a shift accelerated by the pandemic, which has hastened the growth of...

02 August

0 Comments

Sticky

‘It means the world’: Families and friends reunite at UK’s Heathrow By Reuters

Posted by admin

in News

By Ben Makori LONDON (Reuters) -Families and friends were overjoyed at London's Heathrow Airport on Monday after a travel rule change meant they could reunite after 18 months of pandemic separation. "Very, very excited. It means the world," said Sue Blake, as she waited to greet her son, daughter-in-law and grandson who had flown in from New York and who she last saw two years ago. "It's a big chunk of his life and I'm so thrilled for him that he can come here," she said of the eight-year-old. Watching the hugs and tears...

02 August

0 Comments

Sticky

China’s Politburo Signals Targeted Support as Growth Risks Mount By Bloomberg

Posted by admin

in News

(Bloomberg) -- China’s much-watched Politburo meeting on Friday signaled more targeted support for the economy as policy makers look to cushion growth in the face of resurgent pandemic risks. Authorities will likely take more steps to help struggling small businesses, boost fiscal spending and possibly reduce the reserve requirement ratio for banks again, according to economists from Citigroup Inc (NYSE:C)., UBS AG and Oversea-Chinese Banking Corp. “The policy efforts to support the economy will likely step up,” Citigroup’s economists led by Liu Li-Gang said in a note Monday. “In particular, we see...

02 August

0 Comments

Sticky

Explainer-How the Bank of England could start to reverse its huge stimulus By Reuters

Posted by admin

in News

By David Milliken LONDON (Reuters) - The Bank of England could this week shed light on how - and when - it might throw its decade-long stimulus programme into reverse, even as it continues for now to buy bonds as part of its 895-billion-pound quantitative easing programme. The BoE has been working since February on how to start tightening policy. It is expected to be among the first of the world's main central banks to begin the process of weaning its economy off stimulus support. The BoE has said its review of how to coordinate or...

02 August

0 Comments

Sticky

Dollar resumes downtrend after worst week since May By Reuters

Posted by admin

in News

By Sujata Rao LONDON (Reuters) - The dollar lurched lower on Monday, back towards the one-month lows hit last week when it became clear the Fed was in no hurry to tighten policy and policymakers broadly shared Chairman Jerome Powell's view that rate rises were "a ways away". Data from the U.S. CFTC shows speculators rowed back into the dollar in the week through July 27, with net dollar longs at $3.56 billion, the largest since last March. However, that was before the outcome of the Federal Reserve meeting where the message was unequivocally dovish. U.S....

02 August

0 Comments

Sticky

Aerospace supplier Senior posts first-half profit as markets recover By Reuters

Posted by admin

in News

(Reuters) - British jet and auto parts supplier Senior Plc (LON:SNR) on Monday reported a first-half profit compared with a loss a year ago, as its end markets showed signs of recovery, encouraging the company to keep its annual outlook unchanged. The engineering firm, which supplies equipment to planemakers including Boeing (NYSE:BA) and heavy equipment maker Caterpillar (NYSE:CAT), said profit before tax for the six months ended June 30 was 22.3 million pounds ($31.01 million), compared with a loss of 136.3 million pounds a year earlier. Senior last month lifted its annual forecast after...

02 August

0 Comments

Sticky

Parker-Hannifin to buy British rival Meggitt in $8.76 billion deal By Reuters

Posted by admin

in News

(Reuters) -U.S. industrial firm Parker-Hannifin said on Monday it will buy Meggitt (LON:MGGT) in a deal that values its British rival at 6.3 billion pounds ($8.76 billion), expanding its presence in the UK. Stakeholders in Meggitt, which operates in the aerospace, defence and energy markets, will get 800 pence in cash for each share they hold - a 70.5% premium to the company's last closing price, Parker-Hannifin said. The takeover, which follows months of media speculation about a potential deal for the UK midcap company, comes when the aviation industry is facing...

02 August

0 Comments

Sticky

Heineken warns on COVID, rising costs after profit doubles By Reuters

Posted by admin

in News

By Philip Blenkinsop BRUSSELS (Reuters) -Heineken, the world's second-largest brewer, expects the pandemic to weigh on key Asian and African markets for the rest of the year and warned rising commodity costs would eat into margins, after reporting first-half earnings above expectations. Chief Executive Dolf van den Brink, who has been at the helm for a year, said the company was pleased with the strong first half, but expressed caution, with results expected to remain below pre-pandemic levels in 2021 as a whole. "Unlike last year, we now see significant impact on the business in southeast...

02 August

0 Comments

Sticky

China’s factory activity in July grows at slowest pace since Feb 2020 By Reuters

Posted by admin

in News

BEIJING (Reuters) -China's factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity, adding to concerns about a slowdown in the world's second-biggest economy. The official manufacturing Purchasing Manager's Index (PMI) eased to 50.4 in July from 50.9 in June, data from the National Bureau of Statistics (NBS) showed on Saturday, but remained above the 50-point mark that separates growth from contraction. Analysts had expected it to slip to 50.8. It was the lowest figure since the index slumped...

02 August

0 Comments

Sticky

Dollar holds near one-month low as investors eye U.S. jobs, RBA By Reuters

Posted by admin

in News

By Kevin Buckland TOKYO (Reuters) - The dollar held just above a one-month low on Monday as traders held tight positions heading into a busy week that includes monthly U.S. jobs data and a key Australian central bank decision. The dollar index, which measures the greenback against six major peers, stood at 92.091, almost unchanged from Friday, when it dipped as low as 91.775 for the first time since June 28. The index dropped 0.88% last week, its worst performance since early May, after Fed Chair Jerome Powell reiterated mid-week that rate increases were "a ways...

Меню

Foot Locker Falls After Buying 2 Retailers in Push for Off-Mall Sales By Investing.com

‘It means the world’: Families and friends reunite at UK’s Heathrow By Reuters

China’s Politburo Signals Targeted Support as Growth Risks Mount By Bloomberg

Explainer-How the Bank of England could start to reverse its huge stimulus By Reuters

Dollar resumes downtrend after worst week since May By Reuters

Aerospace supplier Senior posts first-half profit as markets recover By Reuters

Parker-Hannifin to buy British rival Meggitt in $8.76 billion deal By Reuters

Heineken warns on COVID, rising costs after profit doubles By Reuters

China’s factory activity in July grows at slowest pace since Feb 2020 By Reuters

Dollar holds near one-month low as investors eye U.S. jobs, RBA By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV